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Abraham Michelson
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203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Dorothy Frances Henson

Energy, Trusts, Estate, Administrative Law

Status: Inactive Licensed: 46 Years

CONTACT

9207 N Lake Dr, Manitowoc, WI 54220

Jeffrey P. Patterson

Landlord-Tenant, Real Estate, Estate

Status: In Good Standing Licensed: 43 Years

CONTACT

812 E State St, Manitowoc, WI 54220

John M. Cashman

Estate, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 50 Years

CONTACT

1509 Torrison Drive, Manitowoc, WI 54220

John P. Buran

Real Estate, Immigration, Estate, Divorce & Family Law, Landlord-Tenant

Status: In Good Standing Licensed: 34 Years

CONTACT

1115 S Ninth St, Manitowoc, WI 54220

Lawrence V. Salutz

Estate Planning, Commercial Real Estate, Wills & Probate

Status: In Good Standing Licensed: 71 Years

CONTACT

823 Marshall St, Manitowoc, WI 54221

Robert Harold Paul

Litigation, Civil Rights, Estate

Status: In Good Standing Licensed: 35 Years

CONTACT

314 Jackson, Mishicot, WI 54228

Terence P. Fox

Estate, Real Estate, Corporate

Status: In Good Standing Licensed: 40 Years

CONTACT

927A S 8Th St, Manitowoc, WI 54221

Trent R. Nelson

Business, Real Estate, Estate, Business

Status: In Good Standing Licensed: 18 Years

CONTACT

927 S 8Th St, Manitowoc, WI 54220

800-923-0641

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LEGAL TERMS

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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Francis Creek Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Dorothy Frances Henson

Jeffrey P. Patterson

John M. Cashman

John P. Buran

Lawrence V. Salutz

Robert Harold Paul

Terence P. Fox

Trent R. Nelson

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LEGAL TERMS

LIFE BENEFICIARY

REAL ESTATE AGENT

BYPASS TRUST

ESTATE TAXES

INHERIT

FINAL BENEFICIARY

DOWER AND CURTESY

MINERAL RIGHTS

PER STIRPES

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